ICE Coffee Futures Close Unchanged by FC Stone

Arabica coffee futures closed unchanged Tuesday reflecting the participant’s expectation of several news pieces that could affect the global markets during the week. The prices went up after the opening but speculative and commercial  selling  capped  the  rally.  Activity  was  moderate  with  the  volume  reaching  17,609  lots,  including 3,082 switches. The active March-May switch widened to -2.20 cents.  Emerging markets currencies recovered slightly during the day with the real trading at BRL3.8727 and the peso at COP3,316.20 at 3:30 pm EST. Equities traded higher ahead of tomorrow’s  important FED announcement.   
 
US Nov GCA stocks down 156,232 bags to 5.792 m bags.